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---- List of accounts that can be used Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Administrative Expenses Advertising Expense Amortization Expense Buildings Cash Common

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List of accounts that can be used

  • Accounts Payable
  • Accounts Receivable
  • Accumulated Depreciation-Buildings
  • Accumulated Depreciation-Equipment
  • Administrative Expenses
  • Advertising Expense
  • Amortization Expense
  • Buildings
  • Cash
  • Common Stock
  • Cost of Goods Sold
  • Depreciation Expense
  • Dividends
  • Equipment
  • Freight-In
  • Freight-Out
  • Gain on Disposal of Plant Assets
  • Income Tax Expense
  • Income Taxes Payable
  • Insurance Expense
  • Interest Expense
  • Interest Payable
  • Interest Revenue
  • Inventory
  • Land
  • Loss on Disposal of Plant Assets
  • Maintenance and Repairs Expense
  • Mortgage Payable
  • No Entry
  • Notes Payable
  • Prepaid Insurance
  • Purchase Discounts
  • Purchase Returns and Allowances
  • Purchases
  • Rent Expense
  • Rent Revenue
  • Research and Development Expense
  • Retained Earnings
  • Salaries and Wages Expense
  • Salaries and Wages Payable
  • Sales Discounts
  • Sales Returns and Allowances
  • Sales Revenue
  • Supplies
  • Supplies Expense
  • Unearned Service Revenue
  • Utilities Expense
  • Website
Prepare the journal entries to record the following transactions on Wildhorse Company's books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On March 2, Windsor Company sold $947,600 of merchandise to Wildhorse Company on account, terms 3/10,n/30. The cost of the merchandise sold was $534,200. (b) On March 6, Wildhorse Company returned $105,700 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,600. (c) On March 12, Windsor Company received the balance due from Wildhorse Company. No. Date Account Titles and Explanation Debit Credit (a) (b) > (c)

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